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NEW YORK ( TheStreet) -- American Medical Systems Holdings (Nasdaq: AMMD) hit a new 52-week high Thursday as it is currently trading at $29.96, above its previous 52-week high of $29.95 with 20,573 shares traded as of 9:51 a.m. ET. Average volume has been 2.9 million shares over the past 30 days. American Medical Systems has a market cap of $2.3 billion and is part of the health care sector and health services industry. Shares are up 58.7% year to date as of the close of trading on Wednesday. American Medical Systems Holdings, Inc. engages in developing, manufacturing, selling, and marketing medical devices to physicians treating men's and women's pelvic health conditions worldwide. The company has a P/E ratio of 26.7, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.